Tadawul trade advice (A): Saudi consumer durables & apparel stock | 8-9% gain | KSA stock trading idea on 12 Aug 2024

Stock Market

Tadawul, Saudi Arabia

Target hit. Trade closed.

FITAIHI GROUP 4180

12 Aug 2024
18 Aug 2024
18 Aug 2024
5 days
Loss per
100,000 SAR
Stop-loss
3.6
Buy Advice
12 Aug 2024
3.75 – 3.85
Target 1
18 Aug 2024
4.15
Target 2
18 Aug 2024
2
Profit per
100,000 SAR
5 days
12,000
3.6
3.75 – 3.85
4.15
2
12,000
12 Aug 2024
18 Aug 2024
18 Aug 2024
5 days
Loss per
100,000 SAR
Stop-loss
3.6
Buy Advice
12 Aug 2024
3.75 – 3.85
Target 1
18 Aug 2024
4.15
Target 2
18 Aug 2024
2
Profit per
100,000 SAR
5 days
12,000
3.6
3.75 – 3.85
4.15
2
12,000
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Fitaihi Holding Group
  • 3.75 – 3.85
  • 4.15 – 4.2
  • Below 3.6
  • 8% – 9%
  • 12 - 14 Days
  • Buy Fitaihi Holding Group
  • Buy
    Range
    3.75 – 3.85
  • Target 4.15 – 4.2
  • Stoploss Below 3.6
  • Upside
    Potential
    8% – 9%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 4180 : Fitaihi Holding Group - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 4180
  • Fitaihi Group
  • Consumer Durables & Apparel
  • 4.53
  • 2.61
  • Tadawul code 4180
  • Stock Name Fitaihi Group
  • Sector Consumer Durables & Apparel
  • 52 Weeks High 4.53
  • 52 Weeks Low 2.61
  • Company profile

    Fitaihi Holding Group, specializes in gold, jewelry, and luxury products, primarily in the country. The company offers gifts, crystal and silverware, antiques, household utensils, textiles, leather goods, watches, chocolates, bed-linen, toilet sets, accessories, men’s, women’s, and children’s wear, handicrafts, bags, blankets, sheets, bedspreads, sweets, carpets, rugs, handicrafts cutting tools, and ceramics. The company also engages in cleaning and maintenance of swimming pools, parks, gardens, welding workshops, and trades in electronic goods. Fitaihi Holding Group also invests in medical, agriculture, and other sectors. The company retails its products and acts as an agent/distributor of various brand names. Fitaihi Holding Group was founded in 1907 and is based in Jeddah, Saudi Arabia.

  • Tadawul 4180 : Fitaihi Holding Group vs TASI - Relative Strength Comparison

    The image showcases Fitaihi Holding Group's 1-year performance relative to TASI.
    Relative Performance - Last 1 Year
    FITAIHI GROUP —   TASI —

  • Tadawul 4180 : Fitaihi Holding Group - Technical Analysis (Daily)

    Fitaihi Holding Group - Technical Analysis chart on Daily Price and Volume
    Fitaihi Holding Group - Technical Analysis chart on Daily Price and Volume

    • The stock was previously experiencing a downward trend in its price.
    • After breaking out, it transitioned into a consolidation phase, ultimately created a Symmetrical Triangle pattern.
    • Post-breakout, the price surged sharply, reaching its former resistance area around the 4.5 level.
    • At that point, the stock encountered a robust rejection, subsequently entered a downward phase.
    • However, with recent increases in trading volume, there are expectations that the price could surpass the trendline resistance and continue to rise further.
  • Tadawul 4180 : Fitaihi Holding Group - RSI Indicator

    Fitaihi Holding Group stock analysis based on RSI indicator
    Fitaihi Holding Group - RSI indicator

    • Current RSI of this stock is 54.14, and just about to cross the 60 level from below which indicates the strength of buyers.

  • Tadawul 4180 : Fitaihi Holding Group - MACD Indicator

    Fitaihi Holding Group stock analysis based on MACD indicator
    Fitaihi Holding Group - MACD indicator

    • MACD line has just about to cross the signal line from the below, generates bullish signal.

  • Tadawul 4180 : Fitaihi Holding Group - EMA Crossover

    Fitaihi Holding Group stock analysis based on EMA Crossover
    Fitaihi Holding Group - EMA Crossover

    • The short length exponential moving average (10 EMA) just about to cross the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Tadawul 4180 : Fitaihi Holding Group Stock Price Forcast

    Based on our Trading Advice for Saudi Arabia Stock Market Tadawul, Fitaihi Holding Group stock price target will be SAR 4.15 - SAR 4.2 in the next 12-14 trading sessions.

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